09/01/2026
If you do business in New York, this regulation probably applies to you — and the deadline already passed.
NYDFS 23 NYCRR 500 is New York's cybersecurity regulation. It was written for financial services companies — but "financial services" in New York covers a much wider range of businesses than most people realize.
If you hold a license from the New York State Department of Financial Services — insurance agents, mortgage brokers, money transmitters, premium finance companies, budget planners — you're a "covered entity." And the 2024 amendments raised the bar significantly.
Here's what most covered businesses still don't have in place:
❌ No written cybersecurity policy reviewed and approved by the board or senior officer
❌ No designated CISO (or a documented equivalent for smaller firms)
❌ MFA not enforced on all systems that access nonpublic information
❌ No annual pe*******on testing
❌ No asset inventory of systems that touch NPI
❌ Incident response plan never written — let alone tested
The 2024 amendments added stricter deadlines for Class A companies and new requirements around encryption, vulnerability scanning, and notification timelines. The enforcement activity has increased significantly — NYDFS issued its first major penalty in 2023 and has continued.
This isn't a "get around to it" situation. If you're covered and out of compliance, the exposure is real — both regulatory and reputational.
Full breakdown on the blog — who's covered, what the 2024 amendments added, and the practical steps to close the gaps.
🔗 mooretechnologyconsulting.com/blog/nydfs-cybersecurity-regulation-what-businesses-need-to-know
DM me "COMPLY" and we'll tell you whether your current posture meets the NYDFS requirements.
📍 Moore Technology Consulting · Westport, CT · White Plains, NY
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